Manchester United’s owners have once again insisted the club is not for sale and that the much protested against Glazer family will “not entertain any offers”.
The club has been linked with a consortium of rich businessmen labelled The Red Knights over the past few months, but if the most recent club statement is anything to go by, there will not be a takeover anytime soon.
The Red Devils have stated that the Glazers “remain fully committed to their long-term ownership of the club”. This is despite a great deal of fan unrest over the course of last season, when green and yellow scarves were worn to highlight the “Love United, Hate Glazer” campaign.
It was recently announced that debts had been cut from £543.3 million a year ago to £520.9 million between January and March of this year. This goes hand in hand with net assets of £794.9 million and an overall cash balance of £95.5 million.
Other financial aspects such as match day, commercial and media revenue have also increased over the last few months. However, losses for the quarter increased to £65.94m and this is the area Manchester United fans are concerned about.
The main issue is that protestors don’t trust the Glazer family to run the club efficiently and the fact the side missed out on the Premier League last season won’t have helped matters.
However, the American owners look like they will be in place for some time to come following this public backing by the club. Chief Executive David Gill has also come out in support of the Glazers, saying that Sir Alex Ferguson “can invest in players” this summer.
Manchester United’s Premier League odds make them second favourites for the title, but fans would feel a lot happier about things if the club could get a few marquee signings under its belt.
Gill also revealed that money was available to additions to the training ground and stadium. Basically, he was keen to get the message across that “the money is definitely there” for the management and the club to ensure success both on and off the pitch over the next few years.
Meanwhile, Wayne Rooney, one of the favourites for the Golden Boot in the World Cup betting, has said he is fully fit.
There had been concerns about potential groin, ankle and neck injuries, but the player has dismissed these fears.
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